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VAAS Professionals, LLC

ATLANTA, GA | A CPA & ADVISORY SERVICES FIRM

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Understanding Medicare Premiums and Their Tax Implications

Understanding Medicare Premiums and Their Tax Implications

Understanding Medicare Premiums and Their Tax Implications

Did you know? Medicare premiums depend on your income. Manage your MAGI via tax strategies to reduce future costs. Read more.

Jan 27, 2025

Are you Liable for Two Additional Taxes on your Income?

Are you Liable for Two Additional Taxes on your Income?

Are you Liable for Two Additional Taxes on your Income?

If your income is high, you may owe two extra taxes: NIIT and Medicare. They can increase your tax bill but plan ahead to reduce its impact.

Sep 12, 2024

The Social Security Wage Base is Set to Increase in 2024

The Social Security Wage Base is Set to Increase in 2024

The Social Security Wage Base is Set to Increase in 2024

FICA Taxes - amounts above the threshold aren’t subject to tax. The “wage base” for 2024 was recently announced and indicates an increase.

Nov 6, 2023

VAAS Professionals, LLC

325 Edgewood Ave. S.E.

Atlanta, GA 30312

Office: 404-223-1058

Fax: 404-223-2398

Email: vaas@vaasprofessionals.com

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